Companies will need to navigate unprecedented levels of uncertainty in 2017 as they face the prospects of dramatic policy changes.
Companies will need to navigate unprecedented levels of uncertainty in 2017 as they face the prospects of dramatic U.S. policy changes under the Trump administration, the UK’s exit from the European Union, as well as global economic and political uncertainty. This economic and political volatility together with technology advances, business model disruption, and heightened expectations of investors and other stakeholders—will challenge companies and their boards to manage key risks, innovate and capitalize on new opportunities, and execute on strategy. For audit committees, financial reporting, compliance, and the risk and internal control environment will continue to be put to the test in 2017.
Audit committee members from around the world joined KPMG business leaders in Boca Raton at the 13th annual Audit Committee Issues Conference on Jan. 9–10 to discuss the governance challenges facing boards in the year ahead. Keynote speakers and panel members discussed a range of issues, including the shifting geopolitical and economic landscape; the increasing focus on board composition; the evolving role of the corporation in society; developments in cybersecurity; and the era of shared governance. Breakout sessions focused on a range of issues that are top of mind for audit committees, including key financial reporting risks; audit quality; crisis readiness and response; and shareholder engagement. Attendees also participated in small group peer-exchange conversations to discuss how their audit committees are addressing these and other issues that are at the top of their agendas today.
© 2018 KPMG, a group of Bermuda limited liability companies which are member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.